Answer:
The result is 150 + 1.5d
Step-by-step explanation:
We want to translate the wordings into algebraic expression.
Firstly, we increase 120 by d%
d% = d/100
So increasing 120 by d % means;
120 + (d/100 * 120)
= 120 + 1.2d
Then increase this by 25%
= (120 + 1.2d) + 25/100(120 + 1.2d)
= 120 + 1.2d + (120+1.2d)/4
= 120 + 1.2d + 30 + 0.3d
= 120 + 30 + 1.2d + 0.3d
= 150 + 1.5d
Answer:
should be after 10 years , $1967.15
Answer:
With monthly compounding, the bank will calculate interest on your account just once per month. It will not update your balance on a daily basis when it calculates how much interest it owes you. Assuming that the APR is the same, accounts with monthly compounding offer a lower APY than accounts with daily compounding.
104 = 10,000 x 1.33 = 13,300
